Tag: Sales Effectiveness

5 Ways To Make Your Meetings More Effective

On By Joe DeRosaIn BusinessLeave a comment

Improve

Another meeting?  Most days start with meetings and end with meetings.  We spend our days running from one to another, whether in person or via the infamous conference call.  Some companies can’t operate without having a meeting to discuss even the smallest of decisions or topics, while others work hard to minimize the number of meetings they schedule. It’s not that meetings are bad, it’s just that most of them are an ineffective use of time. Little is accomplished during these meetings other than wasting the time spent being in the meeting itself, as well as the time spent preparing for that meeting.

So how can you increase your level of meeting effectiveness?

Here are 5 things you should do before scheduling a meeting:

1. Create and include a clear meeting objective. Provide a brief summary of the purpose of the meeting. Be sure to state whether this meeting is meant to inform, solicit feedback, or make a decision.
2. Invite the right people. The key word here is “right”. Don’t get caught up inviting the entire company to make sure you’ve CYA’d yourself. Have the right people there. The type of meeting you have set will determine who you should invite.
3. Be clear on your time. If you need an hour then schedule an hour. If you believe that your topic may go over an hour then plan accordingly. People hate to attend meetings that consistently run over. You don’t want to create the perception that you’re a poor planner.
4. Provide materials in advance. Many people feel that meetings should be somewhat of a surprise. I can’t stand that approach. Time is valuable for everyone. Why wait until the meeting to drop a 20 page deck on people. Give them time to read through it and absorb it. Having the ability to formulate questions, thoughts, and opinions prior to the meeting is key to running an effective meeting.
5. Schedule critical meetings during the day before 4 pm. The fact is that human nature is such that most people find getting invited to a meeting that starts at 4 pm to be annoying. Hey I know you have to be in the office until 6 pm anyway but still in all, people look to the end of their day to wrap up items that were opened during the day. Many 4 pm meetings become nothing more than place holders to reschedule another meeting when people are prepared, ready, and engaged.

Try taking these 5 actions before scheduling your next meeting and see how much smoother your meeting runs.

Stop Closing and Start Opening

On By Joe DeRosaIn SalesLeave a comment

open door

Searching Amazon I found nearly 6,000 books written on “closing the sale”.  Hundreds of tips, techniques and in some cases – shhhh – secrets, about how to be a better closer.  The fact is that sales professionals should spend less time perfecting their closing skills and more time on their opening skills.

Most sales fall into 3 buckets:  sold, not sold, and pending sale.  That means about a third of the deals you’re working on will close regardless of what you do, a third will say no regardless of what you do or say, and the final third is really the only bucket you can influence.  How you influence, and how effective your ability is to influence others, rests solely on how well you build trust and rapport.  And when does that happen?  In the first stages of a sales encounter with a prospect, and over multiple encounters with your existing customers.

If you shift the time you spend on trying to become a better closer, and focus that time and energy on learning more about your customer, and prospect, your sales results will improve.  Not only do people still buy from other people but they buy from those they trust and respect.  Have you ever bought something from a sales rep you didn’t trust?  What was the last thing you bought from someone you didn’t respect?  My guess is you answered both of these questions with a resounding “never” response.  Let’s face it, the act of buying is an emotional process regardless if it’s B2B or B2C.  There is just as much personal risk in a B2B buying decision as there is in B2C and perhaps even more so since the buyers job could be on the line if they make a poor purchasing decision.

Invest your time getting to know your prospect and your customers.  What drives them?  How do they define success?  What risks keep them up at night?  Which aspects of their business are they keening focused on changing?  What areas are they worried about that they don’t fully understand?  How will their decision to buy or not buy from you affect them personally?  If your solution saves their business money they could be viewed a hero, but if the solution doesn’t deliver as advertised it could cost them dearly.

Tune in.  Listen to what your customer is telling you.  Be both observant and open-minded.  And forget looking for that magic pill that guarantees better close rates.  Really…if that were possible would we need 6,000 different books and authors offering to tell us how?  Remember, Sales is all about people.  And people buy from people.  Invest genuinely in developing relationships with people and watch as your results improve.

Supercharge Your Results With 3 Easy Steps

On By Joe DeRosaIn BusinessLeave a comment

supercharge

A new year is around the corner and there’s no better time than now to start thinking about how to juice your performance in 2014. Whether this past year has been an incredible success, terrible failure, or plain old mediocre, in a matter of days you’ll receive a wonderful gift…the chance to do it all over again! And herein lies a choice you must make. Do things the same and most likely get the same results or mix things up and push for a different outcome. Hey, even if this past year was outstanding, and what you accomplished impressed even you, why let up? You can do more, accomplish greater results, and push yourself to new limits. Here’s how you can supercharge your results in 2014:

1. Pick 1 area or topic and go deep. If you’re in the B2B space brush up on healthcare reform, the unemployment numbers, or interest rates. If you’re in B2C think about what trends the Consumer Confidence Index suggests. The skies the limit.  Your competition is fierce and getting tougher by the day. They’re looking for ways to differentiate themselves from you, and your company, by adding value. If you simply focus on being the best salesperson, marketer, service manager, etc for your company, and not open your eyes to the world around you, soon you will be chasing the pack. Those that excel and reach the top will look different by acting differently.
2. Make 1 more call a day. Tap into your network and use it. Call one person from your network everyday. It doesn’t need to be an hour phone call. A short 15 minute check-in can provide insights, perspectives, and ideas. You should build your network to include a wide range of people within your industry, outside of your industry, blue-collar, white-collar, etc.  Just like your investment portfolio requires diversity, so does your network.  Make it one of your top priorities to meet people and develop relationships.
3. Spend 15 minutes of alone time each day. We all need time to think. Time to recharge, time to reflect, time to create. Taking a few minutes every day is critical to your success. The human brain is the fastest processor of information on the planet, however, unlike a computer that can run for an unlimited amount of time, human beings need to shut down to rest their brain. Just like an athlete requires “recovery” time for their muscles, we all need recovery time for our brains. Take the time, block it out, put it on your calendar and think…just think. Think about your goals, where you are relative to each of them, and the actions you’ve taken to get you this far. Think about where you want to go to next and some of the steps you may need to take to get there.

Try doing each of these activities and see how quickly your results improve. And when they do let me know!

The anatomy of a great Sales presentation

On By Joe DeRosaIn SalesLeave a comment

Over the years I’ve read hundreds of sales books.  I’ve attended countless sales training sessions with various philosophies from Spin Selling to Solution Selling, and Relationship Selling.  As I’ve sat through these courses as both a rep and ultimately as the head of Sales I began to watch expressions and reactions to the material being presented.  I have seen the excitement, and the hunger, in people’s eyes as they listened intently with the hope that “this will be the training that changes everything” for them, and that “this class will provide the silver bullet” that has eluded them throughout their career.   Most often times they’re wrong.

A recent article on training cited a statistic that 87% of sales training was forgotten within the first 30 days.  This begs the question, why?  Is it because the philosophies being taught are not good?  Are the different sales processes wrong?  Is it just bad information?  Is it because the rep tried it and it didn’t work?  I would offer that all of these sales methodologies have great aspects to them. They all offer tremendous insights and perspectives on various sales situations.  But there’s no such thing as one-size fits all when it comes to Sales training.  Why?  Because all people are different and as such react in different ways when they are being sold to.  That means it’s incumbent on the sales rep to be savvy enough to know what elements to apply in any given situation.

No Sales training methodology will work 100% every time.  The key is knowing what pieces to take from each perspective and incorporate them into your own style and process.  The best sales people know what to say, when to say it, when not to say anything, what questions to ask, how to ask them, and when to ask.

Recently I participated in a discussion on “What makes a great Sales Presentation?”  Some of the responses were very classroom-ish.  The fact is, the more complex you make something the less likely it will be tried, let alone followed.  As such I put together my own step-by-step recommendation for delivering consistent, high-quality sales presentations.

To get the most out of every Sales presentation follow the steps below:

1. Prepare – know the buyer persona you will be meeting with, your competition, your own products and services.

2. Be early. If you’re on time you’re late.

3. Dress the part. I can’t tell you how many sales presentations I’ve sat through where the reps tie was not straight or a blouse had one too many buttons undone. Attention to the small details says a lot about you.

4.SMILE – no one wants to spend time with a grouch or scary person!

5. Listen twice as much as you talk – that’s why we have 2 ears and one mouth.

6. If your product requires a formal presentation use an iPad and get theSlideshark app. It is a powerful tool and demonstrates your ability to “integrate” various tools into a process…the sales process.

7. Boil your presentation down to 3 salient points…be clear and concise but have back-up and detail should the buyer want to dive deeper.

8. Gain continuous buy-in. Throughout your presentation make sure you check in with the buyer to gain their continued approval and agreement. When you get to the end you can sum up your presentation by saying, “we agree this solution makes sense for your business so lets talk about next steps”

9. No matter what the outcome, shake hands, smile, thank them for their time and let them know you will keep in touch…then do it!

Give this a try for a month, or however long it takes you to do no less than 25 presentations.  Then let me know what your results were.  Remember, to be successful in Sales you MUST be a continuous learner, broadening, and deepening your perspective each and every day with each and every presentation you give.  Not even the 9 steps above are a silver bullet but they can certainly help you improve  your overall sales effectiveness.

Like this if it helped.

Happy Selling!